Corporate Results Update.

Keppel Corp announced a 5% rise in quarterly profit. As the market leader in the offshore and marine industry, this is a sign that that industry is holding up quite well thus far.

Keppel Land announced a -3% fall in quarterly profit. This is actually quite encouraging since it was thought that the property market had an exceptionally poor 1Q08.

Unsurprisingly, Osim registered a loss of -S$13.4m largely because it does most of its sales during the 4Q holiday season, and also due to its exposure to the weakening US dollar and retail market. There was a silver lining in that it managed to reduce its quarterly loss by 24%.

I also noticed that the construction companies have clinched a lot of contracts during 1QFY2008.

Pan United:

Secured 5 ready-mixed concrete supply contracts worth a total of S$124.5m, especially for the MRT downtown line stage 1.

Yongnam:

Secured its 1st major contract win in India via a S$70m sub-contract to erect the roof structural steelwork for the Delhi International Airport Terminal 3 Building.

Secured 2 construction contracts worth a total of S$131.7m with the Marina Bay Sands IR.

BBR:

Secured a S$6m contract with LTA to upgrade its vehicular bridges at 7 locations.

Secured a S$95.3m contract with Ascendas to build an Office Tower Block at the International Business Park in Jurong East.

Secured 2 contracts worth S$8m for piling works on a 5-storey Youth Community Building in Orchard and a 10-storey Condominium in Hillview.

KSH:

Secured 4 contracts worth a total of S$354.3m to construct 3 luxury condominium projects and 1 office building.

LKH:

Secured S$346m contract with Resorts World Sentosa for the construction of Hard Rock Hotel, the ballroom and festive walk at Sentosa.

Stumble it!

This entry was posted on Thursday, April 24th, 2008 at 11:09 pm and is filed under kleer. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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